Recording contribution Good Sports, Inc., a nongovernmental not-for-profit organization, received funds during its annual campaign...
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Accounting
Recording contribution
Good Sports, Inc., a nongovernmental not-for-profit organization, received funds during its annual campaign that were specifically pledged by the donor to another nongovernmental not-for-profit health organization. How should Belle record these funds?
a. Increase in assets and increase in liabilities
b. Increase in assets and increase in revenue
c. Increase in assets and increase in deferred revenue
d. Decrease in assets and decrease in fund balance
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